Connect with us

BEAUTY+STYLE

Diane von Furstenberg to Close All But One Store, Lay Off 75% of Staff


Source: Getty Images

Fashion brand Diane von Furstenberg is laying off employees and closing all but one store in a move towards a “digital-only, China-focused” business model, People reports.

The struggling fashion brand, which was founded in 1972, is laying off 75 percent of its 400- person staff and will close 17 of its 18 retail stores.


According to People, the news comes after “several rounds of restructuring within the company and years of sales decline” that has only worsened due to the coronavirus pandemic.

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Is This The Most Hated Retail Store in America?

BEAUTY+STYLE

Vera Bradley Teams Up With Crocs for Summer Collab

BEAUTY+STYLE

Wear This, Not That! Tips for Your Next Job Interview

BEAUTY+STYLE

Is Blue Light Damaging Your Skin?

BEAUTY+STYLE